|
There are lots of great ideas and plans out there. Good intentions.
However project plans executed well, ideas that become reality - good intentions followed-up are unfortunately much less common.
This is a good time of year for this topic. We're ending the year - assessing our success in many ways. if this motivates this you to action - why not take advantage of your greater willingness to act this time of year?
The Laws of Physics
Remember physics - the difference between "potential energy" and "kinetic energy"? A bowling ball in someone's hand as they prepare to roll it down in the lane is potential energy. That same bowling ball knocking the pins down is kinetic energy.
The reason that very few families have a financial plan and even fewer have a plan that has been well executed is because of the difficulty of rolling the balls down the lane.
I think many see this as rolling 50 balls down the lane at once - we only have two arms and two legs so it is impossible to do. So they never get started.
If the approach is from a salesperson - all the more reason not to move.
The trick is to roll one ball at a time - don't allow yourself to be overwhelmed. Have a priority and just stick to it over time. One ball rolled a month, is 12 in a year - you're on your way!
Hire a good coach to keep you going and make sure each ball rolled is best for you.
|
|
What to Do Next
The most important first step is to understand what is most important to you, establish goals that are in alignment. Then choose someone that can bring a team of independent experts together and formulate the advice to make it happen. That said, it is completely appropriate to choose investing as the first topic. We regularly analyze folk's current investment strategy with nothing expected in return. (We'll analyze other aspects of your strategy if you wish.) We look at: - Overall Performance (vs. benchmarks & our model portfolios)
- Portfolio Design
- Diversification
- Fees & Expenses
Give us a call. 760-804-0910 |
